BAKU, Azerbaijan, May 20. Talks were held
between Azerbaijan and the European Bank for Reconstruction and
Development (EBRD) regarding the development of the Southern Gas
Corridor, Azerbaijan’s Minister of Energy Parviz Shahbazov wrote on
his X account, Trend
reports.
''During a meeting with Harry Boyd-Carpenter, Managing Director
of the Sustainable Infrastructure Group at EBRD, we discussed the
expansion of cooperation within the framework of our energy agenda,
the integration of new renewable energy capacities into the grid,
regional electricity interconnections, and the development of the
Southern Gas Corridor,'' the publication reads.
Meanwhile, the Southern Gas Corridor (SGC) is a $40+ billion
mega-project spearheaded by Azerbaijan to transport natural gas
from the Caspian Sea to Europe, bypassing Russia. Azerbaijan acts
as the primary initiator, producer, and a major shareholder,
utilizing the route to supply millions of customers and drastically
improve European energy security.
